In this video, we explain Self-Employment and the Paycheck Protection Program Loan. Learn more about Self-Employment and the Paycheck Protection Program here: [ Ссылка ].
The Paycheck Protection Program (PPP) is designed to support American small businesses with immediate cash support during the COVID-19 pandemic. If you are a sole proprietor, an independent contractor, or a gig worker, here’s what you need to know, and what you’ll need to apply.
***IMPORTANT UPDATE***
On February 22, 2021, the Biden administration announced changes to the Paycheck Protection Program to make more small businesses eligible for PPP funding.
As a result, effective March 3rd, the method to calculate PPP loans for sole proprietors, self-employed and 1099 contractors changed. Our Financial Relief Specialist explains the updates, how to calculate the loan amount, and where to find the information needed for the calculation. Watch our latest video for the full details: [ Ссылка ]
A 14-day exclusive loan application window for businesses with less than 20 employees runs from Wednesday, February 24 at 9 a.m. through Tuesday, March 9 at 5pm ET. This is to give small businesses an opportunity to have their loans approved faster. Starting March 10th, loan applications opens up again to all eligible businesses until the application deadline on March 31, 2021.
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Check Out These Other Videos You Might Like:
▪ How to Get Your PPP Loan Forgiven to a Tax-Free Grant:
[ Ссылка ]
▪ Biden's Feb 22 PPP Loan Updates | PPP Application Exclusivity & Eligibility Changes: [ Ссылка ]
▪ PPP Loans Round 2.0 for First and Second Time Borrowers:
[ Ссылка ]
Helpful Resources:
▪ Self-Employed Guide to the PPP Forgiveness Application:
[ Ссылка ]
▪ Paycheck Protection Program (PPP) Loans Small Business Resource Hub:
[ Ссылка ]
Let us know your thoughts about Self-Employment and the Paycheck Protection Program Loan in the comments below, and don’t forget to subscribe to our channel for more content about Paycheck Protection Program Loan!
Have questions about the PPP? Join our Facebook group 'PPP and Financial Relief Hub' for small business owners. Ask our experts and we'll be happy to respond as soon as we can: [ Ссылка ]
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Join Our Growing Community Of Small Business Owners:
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
Twitter: [ Ссылка ]
LinkedIn: [ Ссылка ]
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How Bench Can Help:
Try us for free - we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: [ Ссылка ]
With Bench, you get a bookkeeping team on your side who can help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners access PPP loans and use our accurate reports to make the forgiveness process easy. With Bench on your team, you’ll have properly completed books to help you:
1. Figure out your correct loan amount.
2. Track your loan spending to prove you used it on eligible expenses.
3. Use bookkeeping records for your loan forgiveness application.
4. Account for the PPP correctly when filing your taxes and that the right deductions are being taken.
Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app.
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About Bench:
We're an online bookkeeping service powered by real humans. With Bench, you get a dedicated bookkeeper and powerful reporting software for a crystal clear view of your financial health. All of our services are eligible expenses for PPP forgiveness, and we'll even provide support in applying for the PPP (or getting that loan forgiven). Whatever happens next, we're right there with you.
#SelfEmployment #PaycheckProtectionProgram #PPP
